In early 2022, the ESG ratings industry attracted attention when electric vehicle manufacturer Tesla Inc. was dropped from the S&P 500 ESG Index. Explaining its decision, S&P cited perceived deficiencies.
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In recent years, financial firms have revamped dozens of mutual funds into E.S.G. dedicated funds seeking to cash in on growing demand for such investments.
George Serafeim is a Professor of Business Administration at Harvard Business School and author of the book, Profits + Purpose, How Business Can Uplift The World. His contribution to.